10 Key Managerial Skills and How to Develop Them

The roles and duties of a manager can vary greatly depending on a company’s organizational structure. Still, there are some core competencies that every manager needs to work well with others. Some people naturally possess many of these competencies, but almost everyone has areas they can improve upon.

In this guide, we highlight ten key skills that every manager should be competent at to do their job. We also explain how to develop each of these skills to become a better version of yourself at work.

Types of Managerial Skills

Management skills fall into three broad categories, which are as follows:

1. Technical Skills:

Technical abilities include using specific equipment or technology to carry out tangible tasks. Alternatively referred to as “hard skills,” these encompass programming, hardware and software proficiency, and machine and equipment operation. However, they could also comprise sales-boosting abilities like the capacity to make compelling product or service pitches and possess marketing expertise like campaign development know-how.

2. Conceptual Skills:

Though far more abstract, conceptual talents are equally crucial to their technical equivalents; they require the capacity to analyze and identify a problem, envision various fixes, develop a plan of action, and predict and prepare for unforeseen difficulties. This expertise is necessary for managers to act strategically and make long-term plans.

3. Interpersonal Skills:

These skills are often referred to as soft skills. Emotional and interpersonal intelligence can bring out the best in a manager. Such a manager will have a wealth of empathy, a gift for inspiring others, and the ability to unite staff members in cooperation and sharing. All of this will improve the organization as a workplace and assist the team in reaching its full potential.

Ten Effective Management Skills

1. Effective Communication Skills

No amount of technological expertise will matter if you cannot communicate with others clearly and effectively. To effectively lead your team, you must be able to communicate your requirements and expectations, provide them with clear instructions on how to do tasks, and answer their questions about the bigger picture. Ensuring a simplified work process and maintaining the transparency and honesty necessary for a healthy workplace is contingent upon this.

2. Risk Management

Risk management is the process of identifying, assessing, and controlling threats to an organization’s capital and earnings. These risks stem from various sources, including financial uncertainties, legal liabilities, strategic management errors, accidents, and natural disasters.

Risk management is a broad term for various skills and competencies, some of which can be critically important. For instance, in industries with occupational hazards, understanding the risks and relevant legislation is a key aspect of the job. Training programs such as the IOSH Managing Safely course are designed to help managers understand and fulfill their role in health and safety management and implementation.

3. Strategic Reasoning

Influential leaders assume the duty of long-term strategic thinking, allowing their teams and employees to concentrate on the tasks at hand. This involves defining the team’s priorities, setting and coordinating daily goals, and making adjustments as necessary.

To maintain team alignment and productivity, strategic leaders will also consistently stress the importance of the bigger picture to all team members.

4. Time management and Organisation

It is unusual for managers to have the luxury of concentrating on just one assignment at a time. Instead, they need to be adept at managing several tasks at once, supervising the work of subordinates, and keeping an eye on their team’s short- and long-term objectives.

This calls for highly effective time management and organizing skills. To be more precise, it will entail understanding how to divide up work appropriately, assign resources to various team members, and reallocate staff and equipment as needed. This will guarantee that everything gets done on time and that objectives are met.

5. Ability to Solve Problems

Proficient managers must be able to resolve issues promptly for their teams. This involves having the know-how to find the source of a problem, devise a workable remedy and implement preventative measures. All of this will call for a steady and healthy focus on detail. Furthermore, influential leaders should assist their team in acquiring these problem-solving skills to stop problems in their tracks and address them before they become emergencies.

6. Emotional Intelligence

Since emotional intelligence (EQ) relates to your capacity for understanding and connecting with your workforce, empathy plays a significant role in EQ. Gaining insight into each team member’s particular personal and professional requirements can help you assist them more efficiently and know the best way to inspire them.

7. Conflict Resolution Skills

Internal disputes will inevitably arise in every manager’s role, whether within teams or between individual employees. However, experienced managers will know how to prevent these disagreements from worsening. To do this, one must be able to listen to all sides politely and actively before formulating a just and equitable solution. Successful leaders will be better positioned to keep their teams cohesive and cooperative and avoid internal rivalries.

8. Inclusivity

Assembling diverse teams from various backgrounds and experiences fosters innovation by bringing fresh viewpoints. Since these distinct viewpoints frequently result in more creativity and invention, it’s critical to create an inclusive workplace culture.

9. Flexibility

Influential leaders can adjust as projects evolve, company demands shift, and resources become scarce. A competent leader can spot the necessity of change and make the required modifications quickly. Gaining this ability will involve a high level of situational awareness, including how stakeholders’ requirements may change, how long it will take to shift personnel and resources around, and the bigger picture of the industry. It will also require the ability to communicate intelligibly and consistently.

10. Social Abilities

You can manage a range of social circumstances and form relationships with others when you possess interpersonal skills. Strong interpersonal skills are essential for good management since building relationships with your employees is so important.

How to Improve Your Managerial Skills

You can implement some of these simple measures to improve your management skills:

• Concentrate on one ability at a time: Numerous skills are needed to manage people, so it can be beneficial to focus on honing one particular ability at a time.
• Take advantage of the training opportunities: You can hone your skills by reading books and enrolling in professional development courses. Find out whether your organization sponsors or offers management training programs.
• Revise your knowledge and skills: Through revision, you can establish a firm grasp on the fundamentals and essential measures that can help improve overall performance. Initial training lays the foundation, while programs such as the IOSH refresher course can further polish your skills and concepts, leading to better performance.
• Consult with senior managers: Speak with other managers and your supervisor to learn how to improve your management abilities.

Conclusion:

To reach their fullest potential, managers must constantly improve their skills to develop the necessary management skills to lead an organization effectively. While specific skills will be quicker to pick up than others, some will require more time. However, the work will be worthwhile because you’ll improve as a professional and aid in the development of others.